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Tokyo’s triumphant bid for 2020 games a chance for Japan to revive sagging economy, spirits — washingtonpost.com

Japan is counting on the games to boost both the economy and morale. Already, Olympics hopes have lifted share prices in construction, real estate and tourism-related companies. The news from over the weekend helped boost Tokyo’s Nikkei 225 share benchmark by 2.2 percent by midmorning Monday. Hundreds of Japanese athletes and officials gathered downtown for the early morning announcement shouted “Banzai!” jumping up and down and hugging in unusually demonstrative reactions to the announcement the International Olympic Committee had opted for Tokyo’s guarantees of safety and stability, despite the festering nuclear crisis in its northeast.

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Hooray

5 years ago

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